Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 165.23

A company that has not had the same ownership and control during the income
year, and has not satisfied the same business test, works out its taxable
income and tax loss under this Subdivision.

Table of sections
165-25    Summary of this Subdivision

165-30    Flow chart showing the application of this Subdivision
When a company must work out its taxable income and tax loss under this
Subdivision
165-35    On a change of ownership, unless the company carries on the 
same business
165-37    Who has more than a 50% stake in the company during a period

165-40    On a change of control of voting power in the company, 
unless the company carries on the same business Working out the company's
taxable income
165-45    First, divide the income year into periods

165-50    Next, calculate the notional loss or notional taxable income 
for each period
165-55    How to attribute deductions to periods

165-60    How to attribute assessable income to periods

165-65    How to calculate the company's taxable income for the income 
year Working out the company's tax loss
165-70    How to calculate the company's tax loss for the income year
Special rules that apply if the company is in partnership
165-75    How to calculate the company's notional loss or notional 
taxable income for a period when the company was a partner
165-80    How to calculate the company's share of a partnership's 
notional loss or notional net income for a period if both entities have the
same income year
165-85    How to calculate the company's share of a partnership's 
notional loss or notional net income for a period if the entities have
different income years
165-90    Company's full year deductions include a share of 
partnership's full year deductions